Property Overview: 51 Chenier Bay, Island Lakes
Key Characteristics & Appeal
This two-storey home in Island Lakes offers a spacious and above-average living area of 1,975 sqft, placing it comfortably in the top 10-15% of homes in its immediate area and across Winnipeg. Built in 1988, it is a well-established property in a mature neighbourhood. A key feature is its renovated basement, adding functional living space. The home sits on a standard lot for the area, just under 6,000 sqft. Notably, its assessed value consistently ranks above average, suggesting it is a substantial property within its market segment.
The appeal lies in its combination of size, established location, and modernized lower level. It suits buyers looking for a ready-to-move-into family home in a settled community without needing immediate major renovations. It’s particularly well-matched for those who prioritize interior space over extravagant lot size or newer construction. A thoughtful perspective is that while it lacks a garage, its above-average metrics in a family-oriented neighbourhood like Island Lakes indicate it delivers on the core priorities of space and location, which often outweigh the absence of certain amenities for many buyers.
Frequently Asked Questions
1. How does the living space truly compare to other homes?
With 1,975 sqft, this home is significantly larger than the Winnipeg city average (~1,342 sqft) and is in the top 10% for size on its own street. It offers substantial room for a growing family.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the seller or agent to understand the quality and functionality of the added space.
3. Is the lack of a garage a significant drawback?
This depends on buyer priorities. The property ranks highly in value and size despite having no garage, suggesting these features are its primary draw. For those who value storage or vehicle protection, it is a consideration, but the data indicates the home competes strongly on other merits.
4. How have the home's values held historically?
Based on available sold price ranges, the home has maintained its value well in recent years, with its assessed value consistently ranking above average for its area. This suggests stability and solid market perception.
5. What is the neighbourhood feel of Chenier Bay?
As part of Island Lakes, it's a mature, family-friendly community. The close proximity of similar homes on the street, as noted in the nearby properties list, indicates a consistent, established streetscape.